“Start your investment portfolio or add to it.”
This is an investment opportunity only. This property cannot be lived in.
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Calculated on the 2018/19 financial year distribution ($14,161.13) and expenses.
Gross Yield – 7.0% approx.
Net Yield – 4.4% approx.
This fantastic opportunity in one of Adelaide’s most prominent hotel group, provides a hassle free investment with great owner benefits.
Located on the fourth floor on the south western side, this property features a stylish décor with pops of colour throughout the fixtures and fittings.
The property features neutral carpet throughout the main traffic areas with tiling in all wet areas and a large open plan living area.
The large master suite offers built in robe, frosted sliding doors, a feature headboard and TV.
The well equipped bathrooms showcases a large frameless shower, vanity with storage, WC and a large mirror.
The open plan living area offers a well equipped kitchen featuring a black subway tile splash back, stainless steel appliances, single drawer dishwasher, mini bar fridge, sink and ample storage and ample counter space.
The living area offers a breakfast bar with pendant lighting, lounge suite, entertainment unit with TV and opens out to a tiled balcony.
The Mantra on Hindmarsh offers a 24 hour reception, concierge, valet parking and room service and laundry and gymnasium facilities. The owner of the property is entitled to spend 14 nights “FREE” accommodation every year (see agent for terms, conditions and further details).
CT / Vol.5888 / Fol.837
Year built / 2002
Council Rates / $1,630.20pa (supplied by vendor)
Water & Sewer / $497pa (supplied by vendor)
ESL / $248.20pa (Supplied by vendor)
Strata Fees / $2,856pa (supplied by vendor)
Council / Adelaide
Zoning / CC’13
Speak to TURNER Property Management about managing this property
Josh Edgar 0433 233 466